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EXHIBIT 10.15
PROMISSORY NOTE
$_______________ _______________
Reno, Nevada
On or before ______________, A-55, L.P., a Nevada limited
partnership, promises to pay to the order of Xxxxxx X. Xxxxxxxxx, at 0000 Xxxx
Xxxx, Xxxx, Xxxxxx 00000 the sum of __________________________, together with
interest on the declining principal balance from date hereof. Interest shall be
the prime rate of interest charged from time to time by Pioneer Citizens Bank.
Principal and interest are payable in full on the due date of the
note. Interest and all or any portion of the unpaid principal balance may be
prepaid at any time without penalty.
The maker promises and agrees that in the case of a default in
the payment of any sums required hereunder or if the maker becomes insolvent,
makes a general assignment for the benefit of creditors, or is adjudged
bankrupt, then the unpaid principal balance and accrued interest shall, at the
option of the holder or holders of this Note, immediately become due and payable
although the time of maturity as expressed in this Note may not have arrived.
In the event of a default under the terms of this Promissory
Note, the maker agrees to pay all costs, including reasonable attorneys' fees,
incurred in the collection of any unpaid amounts.
The maker, endorsers, and guarantors waive presentment for
payment, demand, notice, protest, notice of protest, diligence, and non-payment
of this Note, and all defenses on the ground of any extension of time for
payment that may be given by the holder or holders to them.
A-55, L.P., a Nevada limited
partnership
By RWG, Inc., a Nevada
corporation, General Partner
By__________________________________
Xxxxxx X. Xxxxxxxxx,
President
By__________________________________
______________________________,
Chief Financial Officer
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